In the last trading session, 1.84 million shares of the Fortrea Holdings Inc (NASDAQ:FTRE) were traded, and its beta was 2.28. Most recently the company’s share price was $4.86, and it changed around -$0.5 or -9.33% from the last close, which brings the market valuation of the company to $438.37M. FTRE currently trades at a discount to its 52-week high of $39.49, offering almost -712.55% off that amount. The share price’s 52-week low was $4.95, which indicates that the current value has fallen by an impressive -1.85% since then. We note from Fortrea Holdings Inc’s average daily trading volume that its 10-day average is 3.37 million shares, with the 3-month average coming to 2.12 million.
Fortrea Holdings Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.15. If we narrow it down even further, the data shows that 0 out of 13 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 10 recommended FTRE as a Hold, whereas 1 deemed it a Buy, and 2 rated it as Underweight. Fortrea Holdings Inc is expected to report earnings per share of -0.07 for the current quarter.
Fortrea Holdings Inc (NASDAQ:FTRE) trade information
Instantly FTRE has showed a red trend with a performance of -9.33% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 6.51 on recent trading dayincreased the stock’s daily price by 25.35%. The company’s shares are currently down -73.94% year-to-date, but still down -14.74% over the last five days. On the other hand, Fortrea Holdings Inc (NASDAQ:FTRE) is -51.30% down in the 30-day period. We can see from the shorts that 6.14 million shares have been sold at a short interest cover period of 2.09 day(s).
The consensus price target as assigned by Wall Street analysts is $12, which translates to bulls needing to increase their stock price by 59.5% from its current value. Analyst projections state that FTRE is forecast to be at a low of $12 and a high of $12.
Fortrea Holdings Inc (FTRE) estimates and forecasts
The year-over-year growth rate is expected to be -7.68%, down from the previous year.
Consensus estimates provided by 9 financial analysts predict the company will bring in an average of 609.63M in revenue for the current quarter. 9 analysts expect Fortrea Holdings Inc to make 612.87M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 662.1M and 662.4M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -7.92%. Forecasts for the next quarter put sales growth at -7.48%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 3.94%. Fortrea Holdings Inc earnings are expected to increase by 31.52% in 2025, but the outlook is positive 55.97% per year for the next five years.
FTRE Dividends
Fortrea Holdings Inc’s next quarterly earnings report is expected to be released on 2025-Mar-02.
Fortrea Holdings Inc (NASDAQ:FTRE)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.31% of Fortrea Holdings Inc shares, and 105.34% of them are in the hands of institutional investors. The stock currently has a share float of 105.66%. Fortrea Holdings Inc stock is held by 474.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 18.0505% of the shares, which is about 16.14 million shares worth $376.64 million.
STARBOARD VALUE LP, with 8.9485% or 8.0 million shares worth $186.72 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
iShares Trust-iShares Core S&P Small-Cap ETF and Pacer Funds Trust-Pacer US Small Cap Cash Cows ETF were the top two Mutual Funds as of Mar 31, 2025 . The former held 5.55 shares worth $26.98 million, making up 6.15% of all outstanding shares. On the other hand, Pacer Funds Trust-Pacer US Small Cap Cash Cows ETF held roughly 3.46 shares worth around $16.84 million, which represents about 3.84% of the total shares outstanding.
